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In economics, creative destruction (German: schöpferische Zerstörung) is a process in which new innovations replace and make older innovations obsolete.
History & Culture
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destruction creative economic new capitalism innovation process schumpeter economics capital social marx one also book work production business growth capitalist
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Creative destruction | is a | essential fact about capitalism | 0.90 | text |
| Creative destruction | is a | powerful economic concept because it can explain many of the dynamics or kinetics of industrial change | 0.90 | text |
| downsizing to increase the efficiency | instance of | the term subsequently gained popularity within mainstream economics as a description of processes | 0.80 | text |
| dynamism of a company | instance of | the term subsequently gained popularity within mainstream economics as a description of processes | 0.80 | text |
| David Harvey | instance of | been retained and further developed in the work of social scientists | 0.80 | text |
| Marshall Berman | instance of | been retained and further developed in the work of social scientists | 0.80 | text |
| Manuel Castells | instance of | been retained and further developed in the work of social scientists | 0.80 | text |
| Daniele Archibugi.In modern economics | instance of | been retained and further developed in the work of social scientists | 0.80 | text |
| creative destruction is one of the central concepts in the endogenous growth theory | instance of | been retained and further developed in the work of social scientists | 0.80 | text |
| The Huffington Post are leading to creative destruction of the traditional newspaper | instance of | Companies that made money out of technology which eventually becomes obsolete do not necessarily adapt well to the business environment created by the new technologies.One such… | 0.80 | text |
| instance of | are in danger of creative destruction from free social networking sites | 0.80 | text | |
| Viadeo.In fact | instance of | are in danger of creative destruction from free social networking sites | 0.80 | text |
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